The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

QSR.TO

Concerning the House

Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.

United States · www.rbi.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$2.41B$2.45B$2.47B$2.26B
Gross profit$815.00M$843.00M$831.00M$763.00M
Operating income$645.00M$679.00M$651.00M$586.00M
Net income$189.00M$315.00M$113.00M$338.00M
Diluted EPS0.570.340.97
Free cash flow$411.00M$531.00M$453.00M$169.00M
CapEx-$38.00M-$61.00M-$102.00M-$58.00M
Quotation

$106.68

+2.18 (+2.1%)

52w hi$110.24
52w lo$82.54
Vol951.12K
As ofAug 13
The Verdict

Hold

Our score +0.14

Short+0.40
Medium-0.08
Long+0.07

computed 2026-08-13

By the Numbers

Restaurant Brands International Inc.

Consumer Cyclical · Restaurants

Market cap$48.87B
Enterprise value$52.54B
Trailing P/E19.22x
Forward P/E17.25x
EV / EBITDA17.97x
P / S (ttm)5.04x
Profit margin13.1%
Return on equity34.8%
Revenue growth+4.6%
Earnings growth+151.2%
Debt / equity290.10
Risk Metrics
Beta vs SPX0.28
Corr SPX0.20
Annual vol23.2%
Annual ret+4.7%
Sharpe0.20
Max DD-16.1%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.34
Sector+0.01
Technical+0.00
Earnings+0.00
Sentiment+0.55

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$105.79$108.00$105.79$106.68951.12K
Aug 12$102.34$104.82$101.87$104.50539.00K
Aug 11$102.25$102.60$101.13456.65K
Aug 10$102.84$103.31$101.25$101.69601.60K
Aug 7$101.88$103.72$101.20$103.05707.30K